Insurers Push Back On Cyprus Mines’ Pick For Claims Rep

Insurers Push Back On Cyprus Mines’ Pick For Claims Rep

Law360 (June 2, 2021, 8:30 PM EDT) — Cyprus Mines and its insurers sparred before a Delaware bankruptcy judge Wednesday over the appointment of a future claims representative in the talc miner’s Chapter 11 case, with the insurers arguing a candidate endorsed by the company and current tort claimants would lack independence.

At a virtual hearing before U.S. Bankruptcy Judge Laurie Selber Silverstein, counsel for Cyprus and its committee of current tort claimants argued their candidate was the only one with direct experience as a claims representative, while Cyprus’ insurers argued a representative was needed that would take a hard look at the validity of current claims and attorneys…

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